Escrow & Title
An owner's title insurance policy in NJ protects:
AThe lender against buyer default
BThe new owner against title defects that existed prior to the policy date✓ Correct
CThe seller against post-closing claims
DThe buyer against future zoning changes
Explanation
Owner's title insurance protects the buyer (and their heirs) against title defects, liens, or claims that arose before the policy date but were unknown at closing.
Related New Jersey Escrow & Title Questions
- A mechanic's lien in NJ arises when:
- In NJ, which instrument is used to transfer real property from a deceased person's estate to heirs when there is no will?
- In New Jersey, who typically holds the earnest money deposit during a real estate transaction?
- A cloud on title is best described as:
- A lender's title insurance policy (mortgagee policy) in NJ protects:
- The purpose of recording a deed in New Jersey is to:
- A mechanic's lien in New Jersey may be filed by:
- At a NJ residential closing, the buyer typically pays:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →